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February 13, 2014
07:34 EDTTRGTTargacept reports Q4 EPS (40c), consensus (39c)
Reports Q4 net revenue $93,000 vs. $590,000 a year ago. Based on current operating plans, Targacept expects its operating expenses for the year ending December 31, 2014 to be in the range of $40M-$45M, and its cash, cash equivalents and investments balance at December 31, 2014 to be at least $100M. Targacept does not expect significant operating revenues for the year ending December 31, 2014, based on current operating plans. In addition, Targacept continues to expect that its current cash resources will be sufficient to meet its operating requirements at least through the end of 2015. This financial guidance includes both cash and non-cash revenue and expense items.
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